Berkley W R Corp Invests $1.48 Million in Pioneer Acquisition I Corp. $PACH

Berkley W R Corp acquired a new position in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 148,726 shares of the company’s stock, valued at approximately $1,478,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Arbitrage LLC bought a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $9,787,000. Two Sigma Investments LP bought a new position in shares of Pioneer Acquisition I during the 3rd quarter worth approximately $7,927,000. Shaolin Capital Management LLC acquired a new stake in shares of Pioneer Acquisition I in the third quarter valued at approximately $6,972,000. Wolverine Asset Management LLC acquired a new stake in shares of Pioneer Acquisition I in the third quarter valued at approximately $6,731,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Pioneer Acquisition I in the third quarter worth $5,976,000.

Analyst Ratings Changes

Several research analysts recently commented on PACH shares. Weiss Ratings restated a “sell (e)” rating on shares of Pioneer Acquisition I in a report on Monday, December 29th. Wall Street Zen cut shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Pioneer Acquisition I Stock Performance

PACH stock opened at $10.18 on Friday. Pioneer Acquisition I Corp. has a twelve month low of $9.94 and a twelve month high of $10.19. The business has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $10.06.

About Pioneer Acquisition I

Pioneer Acquisition I (NASDAQ: PACH) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its principal business purpose is to identify, negotiate and complete a business combination with one or more operating companies. Until a qualifying transaction is completed, the entity typically has no substantive operating business of its own and holds capital raised from public investors in trust.

As a SPAC, Pioneer Acquisition I’s activities generally include sourcing potential targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for any proposed business combination.